$RWT
REDWOOD TRUST INC Stock $rwt

$rwt Overview Financials Valuation SEC Filings Company Website

2017 Q1 Form 10-Q Financial Statement

#000093023617000030 Filed on May 05, 2017

Income Statement

Concept	2017 Q1	2016 Q1
Revenue	$54.63M	$62.33M
YoY Change	-12.35%	-2.22%
Cost Of Revenue	$21.00M	$24.00M
YoY Change	-12.5%	0.0%
Gross Profit	$33.60M	$38.40M
YoY Change	-12.5%	-3.52%
Gross Profit Margin	61.51%	61.61%
Selling, General & Admin	$15.80M	$17.00M
YoY Change	-7.06%	-18.27%
% of Gross Profit	47.02%	44.27%
Research & Development	$1.638M	$2.622M
YoY Change	-37.53%	23.56%
% of Gross Profit	4.88%	6.83%
Depreciation & Amortization	$300.0K	$300.0K
YoY Change	0.0%	200.0%
% of Gross Profit	0.89%	0.78%
Operating Expenses	$18.23M	$30.45M
YoY Change	-40.15%	21.5%
Operating Profit	$15.37M	$7.948M
YoY Change	93.43%	-46.07%
Interest Expense	$21.03M	$23.95M
YoY Change	-12.19%	-0.05%
% of Operating Profit	136.8%	301.33%
Other Income/Expense, Net
YoY Change
Pretax Income	$43.13M	$12.09M
YoY Change	256.68%	27.47%
Income Tax	$6.157M	$28.00K
% Of Pretax Income	14.28%	0.23%
Net Earnings	$36.97M	$12.06M
YoY Change	206.47%	-18.5%
Net Earnings / Revenue	67.67%	19.35%
Basic Earnings Per Share	$0.47	$0.15
Diluted Earnings Per Share	$0.43	$0.15
COMMON SHARES
Basic Shares Outstanding	76.74M shares	77.14M shares
Diluted Shares Outstanding	97.95M shares	77.14M shares

Balance Sheet

Concept	2017 Q1	2016 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$1.388B	$1.225B
YoY Change	13.28%	-22.91%
Cash & Equivalents	$221.8M	$305.1M
Short-Term Investments	$1.166B	$919.9M
Other Short-Term Assets	$2.000M	$2.000M
YoY Change	0.0%	-33.33%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets	$308.0M	$423.0M
YoY Change	-27.19%	-0.24%
LONG-TERM ASSETS
Property, Plant & Equipment	$3.309M	$3.608M
YoY Change	-8.29%	-6.72%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$1.277B	$1.047B
YoY Change	21.97%	-25.53%
Other Assets	$2.000M	$2.000M
YoY Change	0.0%	-86.67%
Total Long-Term Assets	$4.906B	$5.304B
YoY Change	-7.5%	-1.63%
TOTAL ASSETS
Total Short-Term Assets	$308.0M	$423.0M
Total Long-Term Assets	$4.906B	$5.304B
Total Assets	$5.214B	$5.727B
YoY Change	-8.95%	-1.53%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$776.0K	$1.038M
YoY Change	-25.24%
Accrued Expenses	$25.00M	$24.00M
YoY Change	4.17%	-7.69%
Deferred Revenue
YoY Change
Short-Term Debt	$563.8M	$804.2M
YoY Change	-29.89%	-46.47%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$597.0M	$829.0M
YoY Change	-27.99%	-45.78%
LONG-TERM LIABILITIES
Long-Term Debt	$3.350B	$3.642B
YoY Change	-8.02%	25.41%
Other Long-Term Liabilities	$101.0M	$171.0M
YoY Change	-40.94%	47.41%
Total Long-Term Liabilities	$3.451B	$3.813B
YoY Change	-9.49%	26.26%
TOTAL LIABILITIES
Total Short-Term Liabilities	$597.0M	$829.0M
Total Long-Term Liabilities	$3.451B	$3.813B
Total Liabilities	$4.049B	$4.641B
YoY Change	-12.77%	1.81%
SHAREHOLDERS EQUITY
Retained Earnings	$1.187B	$1.031B
YoY Change	15.15%	10.67%
Common Stock	$1.678B	$1.682B
YoY Change	-0.22%	-5.55%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$1.166B	$1.086B
YoY Change
Total Liabilities & Shareholders Equity	$5.214B	$5.727B
YoY Change	-8.95%	-1.53%

Cashflow Statement

Concept	2017 Q1	2016 Q1
OPERATING ACTIVITIES
Net Income	$36.97M	$12.06M
YoY Change	206.47%	-18.5%
Depreciation, Depletion And Amortization	$300.0K	$300.0K
YoY Change	0.0%	200.0%
Cash From Operating Activities	$253.6M	$106.0M
YoY Change	139.34%	-189.0%
INVESTING ACTIVITIES
Capital Expenditures	-$100.0K	-$5.400M
YoY Change	-98.15%	3.85%
Acquisitions
YoY Change
Other Investing Activities	$55.70M	$478.4M
YoY Change	-88.36%	140.04%
Cash From Investing Activities	$55.63M	$473.0M
YoY Change	-88.24%	143.66%
FINANCING ACTIVITIES
Cash Dividend Paid	$22.09M	$22.31M
YoY Change	-0.97%	-7.68%
Common Stock Issuance & Retirement, Net	-$73.00K	$22.91M
YoY Change	-100.32%	-17197.01%
Debt Paid & Issued, Net	$0.00	$118.1M
YoY Change	-100.0%
Cash From Financing Activities	-$307.0M	-$494.1M
YoY Change	-37.86%	1106.62%
NET CHANGE
Cash From Operating Activities	$253.6M	$106.0M
Cash From Investing Activities	$55.63M	$473.0M
Cash From Financing Activities	-$307.0M	-$494.1M
Net Change In Cash	$2.243M	$84.89M
YoY Change	-97.36%	149.01%
FREE CASH FLOW
Cash From Operating Activities	$253.6M	$106.0M
Capital Expenditures	-$100.0K	-$5.400M
Free Cash Flow	$253.7M	$111.4M
YoY Change	127.82%	-197.81%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
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CY2017Q1	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2017Q1	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q1
CY2017Q1	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2017
CY2017Q1	dei	Document Period End Date DocumentPeriodEndDate	2017-03-31
CY2017Q1	dei	Document Type DocumentType	10-Q
CY2017Q1	dei	Entity Central Index Key EntityCentralIndexKey	0000930236
CY2017Q2	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	77091797	shares
CY2017Q1	dei	Entity Filer Category EntityFilerCategory	Large Accelerated Filer
CY2017Q1	dei	Entity Registrant Name EntityRegistrantName	REDWOOD TRUST INC
CY2017Q1	dei	Trading Symbol TradingSymbol	RWT
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CY2017Q1	invest	Derivative Notional Amount DerivativeNotionalAmount	6128754000	USD
CY2016Q4	rwt	Accrued Expenses AccruedExpenses	4493000	USD
CY2017Q1	rwt	Accrued Expenses AccruedExpenses	1489000	USD
CY2017Q1	rwt	Allocated Sharebased Compensation Expense Including Restructuring AllocatedSharebasedCompensationExpenseIncludingRestructuring	2176000	USD
CY2016Q1	rwt	Availableforsale Securities Gross Realized Gain Loss On Sales And Calls AvailableforsaleSecuritiesGrossRealizedGainLossOnSalesAndCalls	9246000	USD
CY2017Q1	rwt	Availableforsale Securities Gross Realized Gain Loss On Sales And Calls AvailableforsaleSecuritiesGrossRealizedGainLossOnSalesAndCalls	5703000	USD
CY2017Q1	rwt	Mortgage Loans On Real Estate Repurchase Provision MortgageLoansOnRealEstateRepurchaseProvision	200000	USD
CY2017Q1	rwt	Derivative Number Of Counterparties DerivativeNumberOfCounterparties	3	counterparty
CY2016Q1	rwt	Mortgage Loans On Real Estate Repurchase Requests MortgageLoansOnRealEstateRepurchaseRequests	27	repurchase_request
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CY2017Q1	rwt	Employee Stock Purchase Plan Number Of Shares Purchased By Employee EmployeeStockPurchasePlanNumberOfSharesPurchasedByEmployee	343097	shares
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CY2016Q1	rwt	Fixed Compensation Expense FixedCompensationExpense	7894000	USD
CY2017Q1	rwt	Fixed Compensation Expense FixedCompensationExpense	6002000	USD
CY2017Q1	rwt	Guarantee Obligation Credit Reserve GuaranteeObligationCreditReserve	10000000	USD
CY2017Q1	rwt	Lease Expiration Year LeaseExpirationYear	2021
CY2016Q1	rwt	Loan Acquisition Costs LoanAcquisitionCosts	1601000	USD
CY2017Q1	rwt	Loan Acquisition Costs LoanAcquisitionCosts	1205000	USD
CY2016Q4	rwt	Margin Payable MarginPayable	12783000	USD
CY2017Q1	rwt	Margin Payable MarginPayable	3394000	USD
CY2016Q1	rwt	Market Valuation Adjustments Net MarketValuationAdjustmentsNet	-15848000	USD
CY2017Q1	rwt	Market Valuation Adjustments Net MarketValuationAdjustmentsNet	15129000	USD
CY2016Q1	rwt	Market Valuation Changes In Associated Derivatives MarketValuationChangesInAssociatedDerivatives	41057000	USD
CY2017Q1	rwt	Market Valuation Changes In Associated Derivatives MarketValuationChangesInAssociatedDerivatives	-749000	USD
CY2016Q1	rwt	Mortgage Banking Activities Net MortgageBankingActivitiesNet	7218000	USD
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CY2016Q4	rwt	Mortgage Loan On Real Estate Repurchase Reserve MortgageLoanOnRealEstateRepurchaseReserve	5432000	USD
CY2016Q4	rwt	Mortgage Loan On Real Estate Repurchase Reserve MortgageLoanOnRealEstateRepurchaseReserve	5000000	USD
CY2017Q1	rwt	Mortgage Loan On Real Estate Repurchase Reserve MortgageLoanOnRealEstateRepurchaseReserve	6000000	USD
CY2017Q1	rwt	Mortgage Loan On Real Estate Repurchase Reserve MortgageLoanOnRealEstateRepurchaseReserve	5617000	USD
CY2016Q1	rwt	Mortgage Loans On Real Estate Repurchase Provision MortgageLoansOnRealEstateRepurchaseProvision	300000	USD
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CY2017Q1	rwt	Mortgage Servicing Expense MortgageServicingExpense	1380000	USD
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CY2017Q1	rwt	Mortgage Servicing Rights Income Loss Net MortgageServicingRightsIncomeLossNet	1713000	USD
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CY2017Q1	rwt	Operating Expenses Excluding Restructuring Charges OperatingExpensesExcludingRestructuringCharges	18226000	USD
CY2017Q1	rwt	Operating Leases Future Minimum Payments Due In Five Years And Thereafter OperatingLeasesFutureMinimumPaymentsDueInFiveYearsAndThereafter	48000	USD
CY2017Q1	rwt	Operating Leases Number Of Leases Noncancelable OperatingLeasesNumberOfLeasesNoncancelable	4	lease
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CY2017Q1	rwt	Other Liabilities Miscellaneous OtherLiabilitiesMiscellaneous	1989000	USD
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CY2016Q1	rwt	Provision For Mortgage Servicing Rights Repurchases ProvisionForMortgageServicingRightsRepurchases	-182000	USD
CY2017Q1	rwt	Provision For Mortgage Servicing Rights Repurchases ProvisionForMortgageServicingRightsRepurchases	-5000	USD
CY2017Q1	rwt	Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost Forfeitures SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCostForfeitures	122000	USD
CY2016Q4	rwt	Special Purpose Entities Assets SpecialPurposeEntitiesAssets	49000000	USD
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CY2016Q1	rwt	Total Net Change In Market Value Related To Mortgage Servicing Rights TotalNetChangeInMarketValueRelatedToMortgageServicingRights	-44604000	USD
CY2017Q1	rwt	Total Net Change In Market Value Related To Mortgage Servicing Rights TotalNetChangeInMarketValueRelatedToMortgageServicingRights	-3070000	USD
CY2016Q1	rwt	Variable Compensation Expense VariableCompensationExpense	1760000	USD
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CY2016Q4	us-gaap	Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Collateral Right To Reclaim Securities DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimSecurities	803211000	USD
CY2017Q1	us-gaap	Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Collateral Right To Reclaim Securities DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimSecurities	577547000	USD
CY2016Q4	us-gaap	Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Gross DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedGross	854067000	USD
CY2017Q1	us-gaap	Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Gross DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedGross	629867000	USD
CY2016Q1	us-gaap	Dividends Common Stock DividendsCommonStock	22306000	USD
CY2017Q1	us-gaap	Dividends Common Stock DividendsCommonStock	22089000	USD
CY2016Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.15
CY2017Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.47
CY2016Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.15
CY2017Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.43
CY2016Q1	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.002
CY2017Q1	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.143
CY2016Q1	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.34
CY2017Q1	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.34
CY2016Q1	us-gaap	Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance	0.920
CY2017Q1	us-gaap	Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance	-0.030
CY2016Q1	us-gaap	Effective Income Tax Rate Reconciliation Deductions EffectiveIncomeTaxRateReconciliationDeductions	0.740
CY2017Q1	us-gaap	Effective Income Tax Rate Reconciliation Deductions EffectiveIncomeTaxRateReconciliationDeductions	0.085
CY2016Q1	us-gaap	Effective Income Tax Rate Reconciliation Deductions Dividends EffectiveIncomeTaxRateReconciliationDeductionsDividends	0.590
CY2017Q1	us-gaap	Effective Income Tax Rate Reconciliation Deductions Dividends EffectiveIncomeTaxRateReconciliationDeductionsDividends	0.154
CY2016Q1	us-gaap	Effective Income Tax Rate Reconciliation State And Local Income Taxes EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes	0.072
CY2017Q1	us-gaap	Effective Income Tax Rate Reconciliation State And Local Income Taxes EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes	0.072
CY2016Q4	us-gaap	Employee Related Liabilities Current And Noncurrent EmployeeRelatedLiabilitiesCurrentAndNoncurrent	18830000	USD
CY2017Q1	us-gaap	Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount	6088000	USD
CY2016Q4	us-gaap	Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized	18146000	USD
CY2017Q1	us-gaap	Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized	21936000	USD
CY2016Q4	us-gaap	Federal Home Loan Bank Stock FederalHomeLoanBankStock	43393000	USD
CY2017Q1	us-gaap	Federal Home Loan Bank Stock FederalHomeLoanBankStock	43393000	USD
CY2017Q1	us-gaap	Financial Instruments Owned And Pledged As Collateral At Fair Value FinancialInstrumentsOwnedAndPledgedAsCollateralAtFairValue	7000000	USD
CY2016Q1	us-gaap	Gain Loss On Sale Of Investments GainLossOnSaleOfInvestments	9538000	USD
CY2017Q1	us-gaap	Gain Loss On Sale Of Investments GainLossOnSaleOfInvestments	5703000	USD
CY2016Q1	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	1380000	USD
CY2017Q1	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	1103000	USD
CY2016Q4	us-gaap	Guaranty Assets GuarantyAssets	4092000	USD
CY2017Q1	us-gaap	Guaranty Assets GuarantyAssets	3846000	USD
CY2016Q4	us-gaap	Guaranty Liabilities GuarantyLiabilities	21668000	USD
CY2017Q1	us-gaap	Guaranty Liabilities GuarantyLiabilities	21082000	USD
CY2017Q1	us-gaap	Impairment Of Investments ImpairmentOfInvestments	200000	USD
CY2016Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	12091000	USD
CY2017Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	43126000	USD
CY2016Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	28000	USD
CY2016Q1	us-gaap	Interest Expense Long Term Debt InterestExpenseLongTermDebt	12971000	USD
CY2017Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	6157000	USD
CY2016Q1	us-gaap	Income Taxes Paid IncomeTaxesPaid	64000	USD
CY2017Q1	us-gaap	Income Taxes Paid IncomeTaxesPaid	4000	USD
CY2016Q1	us-gaap	Increase Decrease In Operating Assets IncreaseDecreaseInOperatingAssets	30056000	USD
CY2017Q1	us-gaap	Increase Decrease In Operating Assets IncreaseDecreaseInOperatingAssets	10490000	USD
CY2016Q1	us-gaap	Increase Decrease In Operating Liabilities IncreaseDecreaseInOperatingLiabilities	4966000	USD
CY2017Q1	us-gaap	Increase Decrease In Operating Liabilities IncreaseDecreaseInOperatingLiabilities	-17301000	USD
CY2016Q1	us-gaap	Increase Decrease In Restricted Cash IncreaseDecreaseInRestrictedCash	-3430000	USD
CY2017Q1	us-gaap	Increase Decrease In Restricted Cash IncreaseDecreaseInRestrictedCash	-6694000	USD
CY2016Q1	us-gaap	Increase Decrease In Trading Securities IncreaseDecreaseInTradingSecurities	-4000000	USD
CY2017Q1	us-gaap	Increase Decrease In Trading Securities IncreaseDecreaseInTradingSecurities	11000000	USD
CY2016Q1	us-gaap	Incremental Common Shares Attributable To Conversion Of Debt Securities IncrementalCommonSharesAttributableToConversionOfDebtSecurities	0	shares
CY2017Q1	us-gaap	Incremental Common Shares Attributable To Conversion Of Debt Securities IncrementalCommonSharesAttributableToConversionOfDebtSecurities	21096738	shares
CY2016Q1	us-gaap	Interest And Dividend Income Operating InterestAndDividendIncomeOperating	62328000	USD
CY2017Q1	us-gaap	Interest And Dividend Income Operating InterestAndDividendIncomeOperating	54628000	USD
CY2016Q1	us-gaap	Interest And Fee Income Loans Commercial Real Estate InterestAndFeeIncomeLoansCommercialRealEstate	9460000	USD
CY2017Q1	us-gaap	Interest And Fee Income Loans Commercial Real Estate InterestAndFeeIncomeLoansCommercialRealEstate	82000	USD
CY2016Q1	us-gaap	Interest And Fee Income Loans Consumer Real Estate InterestAndFeeIncomeLoansConsumerRealEstate	31400000	USD
CY2017Q1	us-gaap	Interest And Fee Income Loans Consumer Real Estate InterestAndFeeIncomeLoansConsumerRealEstate	34362000	USD
CY2016Q1	us-gaap	Interest Expense InterestExpense	23950000	USD
CY2017Q1	us-gaap	Interest Expense InterestExpense	21031000	USD
CY2016Q1	us-gaap	Interest Expense Beneficial Interests Issued By Consolidated Variable Interest Entities InterestExpenseBeneficialInterestsIssuedByConsolidatedVariableInterestEntities	4282000	USD
CY2017Q1	us-gaap	Interest Expense Beneficial Interests Issued By Consolidated Variable Interest Entities InterestExpenseBeneficialInterestsIssuedByConsolidatedVariableInterestEntities	3530000	USD
CY2017Q1	us-gaap	Interest Expense Long Term Debt InterestExpenseLongTermDebt	13048000	USD
CY2016Q1	us-gaap	Interest Expense Short Term Borrowings InterestExpenseShortTermBorrowings	6697000	USD
CY2017Q1	us-gaap	Interest Expense Short Term Borrowings InterestExpenseShortTermBorrowings	4453000	USD
CY2016Q1	us-gaap	Interest Income Expense After Provision For Loan Loss InterestIncomeExpenseAfterProvisionForLoanLoss	38089000	USD
CY2017Q1	us-gaap	Interest Income Expense After Provision For Loan Loss InterestIncomeExpenseAfterProvisionForLoanLoss	33597000	USD
CY2016Q1	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	38378000	USD
CY2017Q1	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	33597000	USD
CY2016Q1	us-gaap	Interest Income Other InterestIncomeOther	373000	USD
CY2017Q1	us-gaap	Interest Income Other InterestIncomeOther	367000	USD
CY2016Q1	us-gaap	Interest Income Securities Mortgage Backed InterestIncomeSecuritiesMortgageBacked	21095000	USD
CY2017Q1	us-gaap	Interest Income Securities Mortgage Backed InterestIncomeSecuritiesMortgageBacked	19817000	USD
CY2016Q1	us-gaap	Interest On Convertible Debt Net Of Tax InterestOnConvertibleDebtNetOfTax	0	USD
CY2017Q1	us-gaap	Interest On Convertible Debt Net Of Tax InterestOnConvertibleDebtNetOfTax	5870000	USD
CY2016Q1	us-gaap	Interest Paid InterestPaid	18634000	USD
CY2017Q1	us-gaap	Interest Paid InterestPaid	14726000	USD
CY2016Q4	us-gaap	Interest Payable Current InterestPayableCurrent	3000000	USD
CY2017Q1	us-gaap	Interest Payable Current InterestPayableCurrent	3000000	USD
CY2016Q4	us-gaap	Interest Payable Current And Noncurrent InterestPayableCurrentAndNoncurrent	9608000	USD
CY2017Q1	us-gaap	Interest Payable Current And Noncurrent InterestPayableCurrentAndNoncurrent	16035000	USD
CY2016Q4	us-gaap	Interest Receivable InterestReceivable	18454000	USD
CY2017Q1	us-gaap	Interest Receivable InterestReceivable	17645000	USD
CY2016Q4	us-gaap	Investments Investments	5237860000	USD
CY2017Q1	us-gaap	Investments Investments	4970975000	USD
CY2016Q1	us-gaap	Labor And Related Expense LaborAndRelatedExpense	11986000	USD
CY2017Q1	us-gaap	Labor And Related Expense LaborAndRelatedExpense	12111000	USD
CY2016Q4	us-gaap	Liabilities Liabilities	4334049000	USD
CY2017Q1	us-gaap	Liabilities Liabilities	4048520000	USD
CY2016Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	5483477000	USD
CY2017Q1	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	5214291000	USD
CY2016Q4	us-gaap	Line Of Credit LineOfCredit	0	USD
CY2017Q1	us-gaap	Line Of Credit LineOfCredit	0	USD
CY2017Q1	us-gaap	Line Of Credit Facility Current Borrowing Capacity LineOfCreditFacilityCurrentBorrowingCapacity	10000000	USD
CY2016Q4	us-gaap	Litigation Reserve LitigationReserve	2000000	USD
CY2017Q1	us-gaap	Litigation Reserve LitigationReserve	2000000	USD
CY2017Q1	us-gaap	Litigation Reserve LitigationReserve	2000000	USD
CY2016Q4	us-gaap	Loans And Leases Receivable Net Reported Amount LoansAndLeasesReceivableNetReportedAmount	3888051000	USD
CY2017Q1	us-gaap	Loans And Leases Receivable Net Reported Amount LoansAndLeasesReceivableNetReportedAmount	3472241000	USD
CY2016Q4	us-gaap	Loans Receivable Commercial Real Estate LoansReceivableCommercialRealEstate	2700000	USD
CY2017Q1	us-gaap	Loans Receivable Commercial Real Estate LoansReceivableCommercialRealEstate	2700000	USD
CY2016Q4	us-gaap	Long Term Debt LongTermDebt	2620683000	USD
CY2017Q1	us-gaap	Long Term Debt LongTermDebt	2621494000	USD
CY2016Q4	us-gaap	Margin Deposit Assets MarginDepositAssets	68038000	USD
CY2017Q1	us-gaap	Margin Deposit Assets MarginDepositAssets	83229000	USD
CY2016Q4	us-gaap	Marketable Securities MarketableSecurities	1018439000	USD
CY2017Q1	us-gaap	Marketable Securities MarketableSecurities	1165940000	USD
CY2016Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-494073000	USD
CY2017Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-307026000	USD
CY2016Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	472983000	USD
CY2017Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	62325000	USD
CY2016Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	105976000	USD
CY2017Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	253638000	USD
CY2016Q1	us-gaap	Net Income Loss NetIncomeLoss	12063000	USD
CY2017Q1	us-gaap	Net Income Loss NetIncomeLoss	36969000	USD
CY2016Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	11362000	USD
CY2017Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	36001000	USD
CY2016Q1	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	11362000	USD
CY2017Q1	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	41834000	USD
CY2016Q1	us-gaap	Noninterest Income NoninterestIncome	4454000	USD
CY2017Q1	us-gaap	Noninterest Income NoninterestIncome	27755000	USD
CY2017Q1	us-gaap	Number Of Operating Segments NumberOfOperatingSegments	2	Segment
CY2016Q1	us-gaap	Operating Expenses OperatingExpenses	30452000	USD
CY2017Q1	us-gaap	Operating Expenses OperatingExpenses	18226000	USD
CY2017Q1	us-gaap	Operating Leases Future Minimum Payments Due OperatingLeasesFutureMinimumPaymentsDue	4278000	USD
CY2017Q1	us-gaap	Operating Leases Future Minimum Payments Due In Four Years OperatingLeasesFutureMinimumPaymentsDueInFourYears	581000	USD
CY2017Q1	us-gaap	Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax	3928000	USD
CY2016Q1	us-gaap	Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax	-18000	USD
CY2017Q1	us-gaap	Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax	-14000	USD
CY2016Q1	us-gaap	Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax	-14243000	USD
CY2017Q1	us-gaap	Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax	1733000	USD
CY2016Q1	us-gaap	Other Cost And Expense Operating OtherCostAndExpenseOperating	753000	USD
CY2017Q1	us-gaap	Other Cost And Expense Operating OtherCostAndExpenseOperating	803000	USD
CY2016Q1	us-gaap	Other General Expense OtherGeneralExpense	466000	USD
CY2017Q1	us-gaap	Other General Expense OtherGeneralExpense	440000	USD
CY2017Q1	us-gaap	Operating Leases Future Minimum Payments Due In Three Years OperatingLeasesFutureMinimumPaymentsDueInThreeYears	642000	USD
CY2017Q1	us-gaap	Operating Leases Future Minimum Payments Due In Two Years OperatingLeasesFutureMinimumPaymentsDueInTwoYears	1269000	USD
CY2017Q1	us-gaap	Operating Leases Future Minimum Payments Remainder Of Fiscal Year OperatingLeasesFutureMinimumPaymentsRemainderOfFiscalYear	1738000	USD
CY2016Q1	us-gaap	Operating Leases Rent Expense Net OperatingLeasesRentExpenseNet	700000	USD
CY2017Q1	us-gaap	Operating Leases Rent Expense Net OperatingLeasesRentExpenseNet	500000	USD
CY2016Q4	us-gaap	Other Assets OtherAssets	181945000	USD
CY2017Q1	us-gaap	Other Assets OtherAssets	197082000	USD
CY2016Q4	us-gaap	Other Assets Miscellaneous OtherAssetsMiscellaneous	9857000	USD
CY2017Q1	us-gaap	Other Assets Miscellaneous OtherAssetsMiscellaneous	11333000	USD
CY2016Q1	us-gaap	Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax	-10103000	USD
CY2017Q1	us-gaap	Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax	2930000	USD
CY2016Q1	us-gaap	Other Comprehensive Income Loss Available For Sale Securities Before Reclassification Adjustments Tax OtherComprehensiveIncomeLossAvailableForSaleSecuritiesBeforeReclassificationAdjustmentsTax	-100000	USD
CY2017Q1	us-gaap	Other Comprehensive Income Loss Available For Sale Securities Before Reclassification Adjustments Tax OtherComprehensiveIncomeLossAvailableForSaleSecuritiesBeforeReclassificationAdjustmentsTax	100000	USD
CY2016Q1	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	-35281000	USD
CY2017Q1	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	749000	USD
CY2016Q1	us-gaap	Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax	10953000	USD
CY2016Q1	us-gaap	Other Income OtherIncome	955000	USD
CY2017Q1	us-gaap	Other Income OtherIncome	1184000	USD
CY2016Q4	us-gaap	Other Liabilities OtherLiabilities	72428000	USD
CY2017Q1	us-gaap	Other Liabilities OtherLiabilities	51960000	USD
CY2016Q1	us-gaap	Other Than Temporary Impairment Credit Losses Recognized In Earnings Additions No Previous Impairment OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsAdditionsNoPreviousImpairment	0	USD
CY2017Q1	us-gaap	Other Than Temporary Impairment Credit Losses Recognized In Earnings Additions No Previous Impairment OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsAdditionsNoPreviousImpairment	97000	USD
CY2015Q4	us-gaap	Other Than Temporary Impairment Credit Losses Recognized In Earnings Credit Losses On Debt Securities Held OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsCreditLossesOnDebtSecuritiesHeld	28277000	USD
CY2016Q1	us-gaap	Other Than Temporary Impairment Credit Losses Recognized In Earnings Credit Losses On Debt Securities Held OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsCreditLossesOnDebtSecuritiesHeld	27942000	USD
CY2016Q4	us-gaap	Other Than Temporary Impairment Credit Losses Recognized In Earnings Credit Losses On Debt Securities Held OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsCreditLossesOnDebtSecuritiesHeld	28261000	USD
CY2017Q1	us-gaap	Other Than Temporary Impairment Credit Losses Recognized In Earnings Credit Losses On Debt Securities Held OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsCreditLossesOnDebtSecuritiesHeld	26390000	USD
CY2016Q1	us-gaap	Other Than Temporary Impairment Credit Losses Recognized In Earnings Reductions Securities Sold OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsReductionsSecuritiesSold	226000	USD
CY2017Q1	us-gaap	Other Than Temporary Impairment Credit Losses Recognized In Earnings Reductions Securities Sold OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsReductionsSecuritiesSold	1566000	USD
CY2016Q1	us-gaap	Other Than Temporary Impairment Losses Investments Portion In Other Comprehensive Income Loss Before Tax Including Portion Attributable To Noncontrolling Interest OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxIncludingPortionAttributableToNoncontrollingInterest	0	USD
CY2017Q1	us-gaap	Other Than Temporary Impairment Losses Investments Portion In Other Comprehensive Income Loss Before Tax Including Portion Attributable To Noncontrolling Interest OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxIncludingPortionAttributableToNoncontrollingInterest	100000	USD
CY2016Q1	us-gaap	Participating Securities Distributed And Undistributed Earnings Loss Basic ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic	701000	USD
CY2017Q1	us-gaap	Participating Securities Distributed And Undistributed Earnings Loss Basic ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic	968000	USD
CY2016Q1	us-gaap	Participating Securities Distributed And Undistributed Earnings Loss Diluted ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted	701000	USD
CY2017Q1	us-gaap	Participating Securities Distributed And Undistributed Earnings Loss Diluted ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted	1005000	USD
CY2016Q1	us-gaap	Payments For Proceeds From Derivative Instrument Financing Activities PaymentsForProceedsFromDerivativeInstrumentFinancingActivities	73000	USD
CY2016Q1	us-gaap	Proceeds From Collection Of Loans Held For Sale ProceedsFromCollectionOfLoansHeldForSale	23518000	USD
CY2017Q1	us-gaap	Proceeds From Collection Of Loans Held For Sale ProceedsFromCollectionOfLoansHeldForSale	13001000	USD
CY2016Q1	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	77000	USD
CY2017Q1	us-gaap	Payments For Proceeds From Derivative Instrument Financing Activities PaymentsForProceedsFromDerivativeInstrumentFinancingActivities	34000	USD
CY2016Q1	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	22987000	USD
CY2017Q1	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	0	USD
CY2016Q1	us-gaap	Payments Of Dividends PaymentsOfDividends	22306000	USD
CY2017Q1	us-gaap	Payments Of Dividends PaymentsOfDividends	22089000	USD
CY2016Q1	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	229000	USD
CY2017Q1	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	1601000	USD
CY2016Q1	us-gaap	Payments To Acquire Available For Sale Securities PaymentsToAcquireAvailableForSaleSecurities	16000000	USD
CY2017Q1	us-gaap	Payments To Acquire Available For Sale Securities PaymentsToAcquireAvailableForSaleSecurities	25000000	USD
CY2016Q1	us-gaap	Payments To Acquire Marketable Securities PaymentsToAcquireMarketableSecurities	48446000	USD
CY2017Q1	us-gaap	Payments To Acquire Marketable Securities PaymentsToAcquireMarketableSecurities	144948000	USD
CY2016Q1	us-gaap	Payments To Acquire Mortgage Servicing Rights Msr PaymentsToAcquireMortgageServicingRightsMSR	5397000	USD
CY2017Q1	us-gaap	Payments To Acquire Mortgage Servicing Rights Msr PaymentsToAcquireMortgageServicingRightsMSR	100000	USD
CY2016Q1	us-gaap	Payments To Acquire Trading Securities Heldforinvestment PaymentsToAcquireTradingSecuritiesHeldforinvestment	50000000	USD
CY2017Q1	us-gaap	Payments To Acquire Trading Securities Heldforinvestment PaymentsToAcquireTradingSecuritiesHeldforinvestment	154000000	USD
CY2016Q1	us-gaap	Payments To Purchase Loans Held For Sale PaymentsToPurchaseLoansHeldForSale	1245068000	USD
CY2017Q1	us-gaap	Payments To Purchase Loans Held For Sale PaymentsToPurchaseLoansHeldForSale	1103047000	USD
CY2016Q4	us-gaap	Pledged Assets Separately Reported Other Assets Pledged As Collateral At Fair Value PledgedAssetsSeparatelyReportedOtherAssetsPledgedAsCollateralAtFairValue	42875000	USD
CY2017Q1	us-gaap	Pledged Assets Separately Reported Other Assets Pledged As Collateral At Fair Value PledgedAssetsSeparatelyReportedOtherAssetsPledgedAsCollateralAtFairValue	42916000	USD
CY2016Q4	us-gaap	Prepaid Expense Current And Noncurrent PrepaidExpenseCurrentAndNoncurrent	1639000	USD
CY2017Q1	us-gaap	Prepaid Expense Current And Noncurrent PrepaidExpenseCurrentAndNoncurrent	1691000	USD
CY2017Q1	us-gaap	Principal Investment Gains Losses PrincipalInvestmentGainsLosses	300000	USD
CY2017Q1	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	73000	USD
CY2016Q1	us-gaap	Proceeds From Issuance Of Long Term Debt ProceedsFromIssuanceOfLongTermDebt	771287000	USD
CY2017Q1	us-gaap	Proceeds From Issuance Of Long Term Debt ProceedsFromIssuanceOfLongTermDebt	0	USD
CY2016Q1	us-gaap	Proceeds From Principal Repayments On Loans And Leases Held For Investment ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment	125631000	USD
CY2017Q1	us-gaap	Proceeds From Principal Repayments On Loans And Leases Held For Investment ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment	147127000	USD
CY2016Q1	us-gaap	Proceeds From Sale And Maturity Of Marketable Securities ProceedsFromSaleAndMaturityOfMarketableSecurities	340798000	USD
CY2017Q1	us-gaap	Proceeds From Sale And Maturity Of Marketable Securities ProceedsFromSaleAndMaturityOfMarketableSecurities	26887000	USD
CY2016Q1	us-gaap	Proceeds From Sale Of Available For Sale Securities ProceedsFromSaleOfAvailableForSaleSecurities	126000000	USD
CY2017Q1	us-gaap	Proceeds From Sale Of Available For Sale Securities ProceedsFromSaleOfAvailableForSaleSecurities	19000000	USD
CY2016Q1	us-gaap	Proceeds From Sale Of Loans Held For Investment ProceedsFromSaleOfLoansHeldForInvestment	6298000	USD
CY2017Q1	us-gaap	Proceeds From Sale Of Loans Held For Investment ProceedsFromSaleOfLoansHeldForInvestment	0	USD
CY2016Q1	us-gaap	Proceeds From Sale Of Loans Held For Sale ProceedsFromSaleOfLoansHeldForSale	1336617000	USD
CY2017Q1	us-gaap	Proceeds From Sale Of Loans Held For Sale ProceedsFromSaleOfLoansHeldForSale	1347575000	USD
CY2016Q1	us-gaap	Proceeds From Sale Of Mortgage Servicing Rights Msr ProceedsFromSaleOfMortgageServicingRightsMSR	28268000	USD
CY2017Q1	us-gaap	Proceeds From Sale Of Mortgage Servicing Rights Msr ProceedsFromSaleOfMortgageServicingRightsMSR	9136000	USD
CY2016Q1	us-gaap	Proceeds From Sale Of Trading Securities Heldforinvestment ProceedsFromSaleOfTradingSecuritiesHeldforinvestment	218000000	USD
CY2017Q1	us-gaap	Proceeds From Sale Of Trading Securities Heldforinvestment ProceedsFromSaleOfTradingSecuritiesHeldforinvestment	9000000	USD
CY2016Q1	us-gaap	Proceeds From Short Term Debt ProceedsFromShortTermDebt	1027320000	USD
CY2017Q1	us-gaap	Proceeds From Short Term Debt ProceedsFromShortTermDebt	877495000	USD
CY2016Q1	us-gaap	Professional Fees ProfessionalFees	985000	USD
CY2017Q1	us-gaap	Professional Fees ProfessionalFees	926000	USD
CY2016Q4	us-gaap	Restricted Cash And Cash Equivalents RestrictedCashAndCashEquivalents	8623000	USD
CY2017Q1	us-gaap	Restricted Cash And Cash Equivalents RestrictedCashAndCashEquivalents	1929000	USD
CY2016Q1	us-gaap	Restructuring Charges RestructuringCharges	10659000	USD
CY2017Q1	us-gaap	Restructuring Charges RestructuringCharges	0	USD
CY2016Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	1149935000	USD
CY2017Q1	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	1186904000	USD
CY2016Q1	us-gaap	Stockholders Equity StockholdersEquity	1085750000	USD
CY2017Q1	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	6000000	USD
CY2016Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	2750000	USD
CY2017Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	3309000	USD
CY2016Q1	us-gaap	Provision For Loan Lease And Other Losses ProvisionForLoanLeaseAndOtherLosses	289000	USD
CY2017Q1	us-gaap	Provision For Loan Lease And Other Losses ProvisionForLoanLeaseAndOtherLosses	0	USD
CY2016Q4	us-gaap	Real Estate Acquired Through Foreclosure RealEstateAcquiredThroughForeclosure	5533000	USD
CY2017Q1	us-gaap	Real Estate Acquired Through Foreclosure RealEstateAcquiredThroughForeclosure	4000000	USD
CY2017Q1	us-gaap	Real Estate Acquired Through Foreclosure RealEstateAcquiredThroughForeclosure	3953000	USD
CY2017Q1	us-gaap	Real Estate Acquisitions Through Foreclosures RealEstateAcquisitionsThroughForeclosures	1000000	USD
CY2017Q1	us-gaap	Real Estate Cost Of Real Estate Sold RealEstateCostOfRealEstateSold	3000000	USD
CY2016Q1	us-gaap	Realized Investment Gains Losses RealizedInvestmentGainsLosses	9538000	USD
CY2017Q1	us-gaap	Realized Investment Gains Losses RealizedInvestmentGainsLosses	5703000	USD
CY2016Q1	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	118146000	USD
CY2017Q1	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	0	USD
CY2016Q1	us-gaap	Repayments Of Secured Debt RepaymentsOfSecuredDebt	50868000	USD
CY2017Q1	us-gaap	Repayments Of Secured Debt RepaymentsOfSecuredDebt	55609000	USD
CY2016Q1	us-gaap	Repayments Of Short Term Debt RepaymentsOfShortTermDebt	2078148000	USD
CY2017Q1	us-gaap	Repayments Of Short Term Debt RepaymentsOfShortTermDebt	1105261000	USD
CY2016Q4	us-gaap	Secured Debt SecuredDebt	773462000	USD
CY2017Q1	us-gaap	Secured Debt SecuredDebt	728391000	USD
CY2016Q4	us-gaap	Servicing Asset ServicingAsset	10456889000	USD
CY2017Q1	us-gaap	Servicing Asset ServicingAsset	9782322000	USD
CY2016Q1	us-gaap	Servicing Asset At Fair Value Additions ServicingAssetAtFairValueAdditions	3463000	USD
CY2017Q1	us-gaap	Servicing Asset At Fair Value Additions ServicingAssetAtFairValueAdditions	7386000	USD
CY2016Q4	us-gaap	Servicing Asset At Fair Value Amount ServicingAssetAtFairValueAmount	118526000	USD
CY2017Q1	us-gaap	Servicing Asset At Fair Value Amount ServicingAssetAtFairValueAmount	111013000	USD
CY2016Q1	us-gaap	Share Based Compensation ShareBasedCompensation	5782000	USD
CY2017Q1	us-gaap	Share Based Compensation ShareBasedCompensation	2242000	USD
CY2016Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant	1787974	shares
CY2017Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant	1547611	shares
CY2016Q4	us-gaap	Short Term Borrowings ShortTermBorrowings	791539000	USD
CY2017Q1	us-gaap	Short Term Borrowings ShortTermBorrowings	563773000	USD
CY2016Q1	us-gaap	Shortterm Debt Average Outstanding Amount ShorttermDebtAverageOutstandingAmount	1280000000	USD
CY2017Q1	us-gaap	Shortterm Debt Average Outstanding Amount ShorttermDebtAverageOutstandingAmount	794000000	USD
CY2016Q1	us-gaap	Stock Issued During Period Value Employee Stock Ownership Plan StockIssuedDuringPeriodValueEmployeeStockOwnershipPlan	-152000	USD
CY2017Q1	us-gaap	Stock Issued During Period Value Employee Stock Ownership Plan StockIssuedDuringPeriodValueEmployeeStockOwnershipPlan	-1528000	USD
CY2016Q1	us-gaap	Stock Repurchased During Period Value StockRepurchasedDuringPeriodValue	20621000	USD
CY2015Q4	us-gaap	Stockholders Equity StockholdersEquity	1146265000	USD
CY2016Q4	us-gaap	Stockholders Equity StockholdersEquity	1149428000	USD
CY2017Q1	us-gaap	Stockholders Equity StockholdersEquity	1165771000	USD
CY2016Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	1149428000	USD
CY2017Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	1165771000	USD
CY2016Q4	us-gaap	Taxes Payable Current And Noncurrent TaxesPayableCurrentAndNoncurrent	525000	USD
CY2017Q1	us-gaap	Taxes Payable Current And Noncurrent TaxesPayableCurrentAndNoncurrent	6792000	USD
CY2016Q4	us-gaap	Trading Securities TradingSecurities	445687000	USD
CY2017Q1	us-gaap	Trading Securities TradingSecurities	591152000	USD
CY2017Q1	us-gaap	Trading Securities Pledged As Collateral TradingSecuritiesPledgedAsCollateral	191000000	USD
CY2016Q1	us-gaap	Transfer Of Loans Held For Sale To Portfolio Loans1 TransferOfLoansHeldForSaleToPortfolioLoans1	660818000	USD
CY2017Q1	us-gaap	Transfer Of Loans Held For Sale To Portfolio Loans1 TransferOfLoansHeldForSaleToPortfolioLoans1	184996000	USD
CY2017Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	76738202	shares
CY2016Q1	us-gaap	Transfer Of Portfolio Loans And Leases To Held For Sale1 TransferOfPortfolioLoansAndLeasesToHeldForSale1	54747000	USD
CY2017Q1	us-gaap	Transfer Of Portfolio Loans And Leases To Held For Sale1 TransferOfPortfolioLoansAndLeasesToHeldForSale1	0	USD
CY2016Q1	us-gaap	Transfer To Other Real Estate TransferToOtherRealEstate	2042000	USD
CY2017Q1	us-gaap	Transfer To Other Real Estate TransferToOtherRealEstate	968000	USD
CY2016Q1	us-gaap	Transfers Of Financial Assets Accounted For As Sale Initial Fair Value Of Assets Obtained As Proceeds TransfersOfFinancialAssetsAccountedForAsSaleInitialFairValueOfAssetsObtainedAsProceeds	0	USD
CY2017Q1	us-gaap	Transfers Of Financial Assets Accounted For As Sale Initial Fair Value Of Assets Obtained As Proceeds TransfersOfFinancialAssetsAccountedForAsSaleInitialFairValueOfAssetsObtainedAsProceeds	25858000	USD
CY2016Q1	us-gaap	Unrealized Gain Loss On Investments UnrealizedGainLossOnInvestments	-19538000	USD
CY2017Q1	us-gaap	Unrealized Gain Loss On Investments UnrealizedGainLossOnInvestments	1551000	USD
CY2016Q4	us-gaap	Variable Interest Entity Consolidated Carrying Amount Assets VariableInterestEntityConsolidatedCarryingAmountAssets	798317000	USD
CY2017Q1	us-gaap	Variable Interest Entity Consolidated Carrying Amount Assets VariableInterestEntityConsolidatedCarryingAmountAssets	750694000	USD
CY2016Q4	us-gaap	Variable Interest Entity Consolidated Carrying Amount Liabilities VariableInterestEntityConsolidatedCarryingAmountLiabilities	773980000	USD
CY2017Q1	us-gaap	Variable Interest Entity Consolidated Carrying Amount Liabilities VariableInterestEntityConsolidatedCarryingAmountLiabilities	728923000	USD
CY2016Q1	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	0	shares
CY2017Q1	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	111197	shares
CY2016Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	77137682	shares
CY2017Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	97946137	shares
CY2016Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	77137682	shares
CY2017Q1	us-gaap	Nature Of Operations NatureOfOperations	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Organization</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Redwood Trust, Inc., together with its subsidiaries, focuses on investing in mortgages and other real estate-related assets and engaging in mortgage banking activities. We seek to invest in real estate-related assets that have the potential to generate attractive cash flow returns over time and to generate income through our mortgage banking activities. We operate our business in </font><font style="font-family:inherit;font-size:10pt;">two</font><font style="font-family:inherit;font-size:10pt;"> segments: Investment Portfolio and Residential Mortgage Banking. Redwood was incorporated in the State of Maryland on April 11, 1994, and commenced operations on August 19, 1994. References herein to “Redwood,” the “company,” “we,” “us,” and “our” include Redwood Trust, Inc. and its consolidated subsidiaries, unless the context otherwise requires. </font></div><div style="line-height:120%;padding-top:10px;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Redwood Trust, Inc. has elected to be taxed as a real estate investment trust (“REIT”) under the Internal Revenue Code of 1986, as amended (the “Internal Revenue Code”), beginning with its taxable year ended December 31, 1994. We generally refer, collectively, to Redwood Trust, Inc. and those of its subsidiaries that are not subject to subsidiary-level corporate income tax as “the REIT” or “our REIT.” We generally refer to subsidiaries of Redwood Trust, Inc. that are subject to subsidiary-level corporate income tax as “our operating subsidiaries” or “our taxable REIT subsidiaries” or “TRS.” </font></div><div style="line-height:120%;padding-top:10px;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We sponsor our Sequoia securitization program, which we use for the securitization of residential mortgage loans. References to Sequoia with respect to any time or period generally refer collectively to all the then consolidated Sequoia securitization entities for the periods presented. We have also engaged in securitization transactions in order to obtain financing for certain of our securities and commercial loans.</font></div></div>
CY2017Q1	us-gaap	Use Of Estimates UseOfEstimates	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:10px;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of financial statements requires us to make a number of significant estimates. These include estimates of fair value of certain assets and liabilities, amounts and timing of credit losses, prepayment rates, and other estimates that affect the reported amounts of certain assets and liabilities as of the date of the consolidated financial statements and the reported amounts of certain revenues and expenses during the reported periods. It is likely that changes in these estimates (e.g., valuation changes due to supply and demand, credit performance, prepayments, interest rates, or other reasons) will occur in the near term. Our estimates are inherently subjective in nature and actual results could differ from our estimates and the differences could be material.</font></div></div>

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$RWT
REDWOOD TRUST INC Stock $rwt

2017 Q1 Form 10-Q Financial Statement

#000093023617000030 Filed on May 05, 2017

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

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$RWT REDWOOD TRUST INC Stock $rwt

2017 Q1 Form 10-Q Financial Statement

#000093023617000030 Filed on May 05, 2017

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$RWT
REDWOOD TRUST INC Stock $rwt